BASICSEMI (09971) recommends applying for full circulation of H-shares.

BASICSEMI (09971) announced that, after considering the intentions of its shareholders following the listing of its H shares on the main board of the Stock Exchange of Hong Kong and in light of the guidelines, the board of directors approved on August 11, 2026, the proposal to convert 16,755,300 unlisted domestic shares (accounting for 5.51% of the total issued shares of the company as of the date of this announcement) into H shares (full circulation of H shares). Upon obtaining all relevant approvals (including the filing notice issued by the China Securities Regulatory Commission and the approval from the Stock Exchange) and complying with all applicable laws, rules, and regulations, the unlisted domestic shares will be converted into H shares, and the company will apply to the Stock Exchange for the listing and trading of the H shares on the main board (conversion and listing). According to the companys Articles of Association and applicable Chinese laws, the company is not required to convene a shareholders' meeting to approve the full circulation of H shares. As of the date of this announcement, the company has not submitted an application and filing documents for the full circulation of H shares to the China Securities Regulatory Commission, nor has it applied to the Stock Exchange for conversion and listing.